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Deferral election

The action you take to determine (1) the type and amount of compensation you want to defer, (2) the time when you want to receive distributions, and (3) the form of the payment (i.e. a lump sum or installments). You make the election in a written agreement that specifies these details. This agreement can consist of just one form, or there may be a separate election form for each of the following: salary reduction; bonus reduction; investment election; form of distribution; timing of distribution, and redeferral (if or when needed). In addition, there may be a further form for designating beneficiaries. Read more about these choices in the section Enrollment: Elections elsewhere on this website.